The Sequoia Project Inc

EIN: 831938925 501(c)(3) Health Care

Vienna, VA

Total Revenue
$6,776,108
Total Expenses
$6,696,358
Total Assets
$3,400,592
Net Assets
$2,176,258
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
Mariann Yeager
Phone
5713273637
Tax Period
2024-01-01 to 2024-12-31

The Sequoia Project Inc, founded in 2018, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2020.

Mission

Sequoia seeks to lessen the burden on the United States federal government to advance the interoperability of different electronic health information technologies to support the safe and secure sharing of electronic health information for the benefit of all Americans. This is a top priority of the federal government and Sequoia works to support these efforts in the following ways: (1) serving as the Recognized Coordinating Entity to the Health and Human Services Office of the Assistant Secretary for Technology Policy (ASTP) / National Coordinator for Health Information Technology (ONC) to develop the Common Agreement for ONC's Trusted Exchange Framework and Common Agreement; (2) under separate Management and Support Services Agreements provide support to Healtheway, Inc. and Carequality, Inc. (501(c)(3) exempt organizations) in operating their own independent health information exchanges endeavors (3) serving as a convenor of the diverse stakeholders that are involved in the access, exchange and use of electronic health information to help develop consensus solutions to the complex challenges that serve as barriers to the seamless exchange of electronic health information among those who have the legal right to access the information and have a valid need for the information, and; (4) serve as a trusted nationwide authority for education on important topics related to electronic health information issues.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $117,500
Program Service Revenue $6,458,945
Investment Income $39,268
Other Revenue $160,395
TOTAL REVENUE $6,776,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,940,457
Fundraising Expenses $0
Program Expenses $4,376,908
Other Expenses $2,755,901
TOTAL EXPENSES $6,696,358

Year-over-Year Comparison

2024 2023 Change
Revenue $6,776,108 $4,635,397 +0.5%
Expenses $6,696,358 $4,620,396 +0.4%
Net Income $79,750 $15,001 +4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
32
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,256,551
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Horrocks Chair 1.00
Officer Director
$0 $0 $0
Brian Barrett Board Member 1.00
Director
$0 $0 $0
Lee Barrett Board Member 1.00
Director
$0 $0 $0
Jennifer Blumenthal Board Member 1.00
Director
$0 $0 $0
Willarda Edwards Board Member 1.00
Director
$0 $0 $0
Matthew Eisenberg Board Member 1.00
Director
$0 $0 $0
Jamie Ferguson Board Member 1.00
Director
$0 $0 $0
Michael Hodgkins Board Member 1.00
Director
$0 $0 $0
Chris Walker Board Member 1.00
Director
$0 $0 $0
John Kansky Secretary 1.00
Officer Director
$0 $0 $0
Rob Klootwyk Board Member 1.00
Director
$0 $0 $0
Shannah Koss Board Member 1.00
Director
$0 $0 $0
Melanie Marcus Board Member 1.00
Director
$0 $0 $0
Josh Mast Board Member 1.00
Director
$0 $0 $0
Michael Matthews Vice Chair 1.00
Officer Director
$0 $0 $0
Paul Matthews Board Member 1.00
Director
$0 $0 $0
Anna Mcollister Board Member 1.00
Director
$0 $0 $0
Mariann Yeager CEO 30.00
Officer
$513,199 $74,223 $587,422
Debra Condrey COO, Chief Information Officer 20.00
Officer
$306,402 $53,486 $359,888
Alan Smith CFO 20.00
Officer
$293,689 $15,552 $309,241
Jay Nakashima Executive Director - Healtheway, Inc. 0.00
Highest
$392,321 $36,096 $428,417
Alan Swenson Executive Director - Carequality 0.00
Highest
$299,663 $48,153 $347,816
Lindsey Elkind Chief Legal Counsel 40.00
Highest
$268,759 $20,842 $289,601
Michael Yackancih Director, Program Integration 0.00
Highest
$228,545 $48,269 $276,814
Blanca Davis VP, Informatics, Conformance &Interoperability 40.00
Highest
$211,438 $30,102 $241,540
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,776,108 $6,696,358 $3,400,592 $79,750
2023 $4,635,397 $4,620,396 $3,390,811 $15,001
2022 $7,240,347 $6,910,754 $3,329,672 $329,593
2021 $6,201,821 $5,629,841 $2,982,102 $571,980
2020 $4,646,907 $4,763,079 $2,387,953 $-116,172
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